Shell warns of major hit to cash flow from oil price plummet
Shell has warned that cash flow will take a major hit when the firm publishes its first quarter results next month.
Shell has warned that cash flow will take a major hit when the firm publishes its first quarter results next month.
A “virtual” remembrance service will be held tomorrow to mark 11 years since a fatal helicopter crash near Peterhead.
IHS Markit expects as much as 10 million barrels a day of world oil production to be cut or shut-in from April through June as storage fills up and demand craters due to the Covid-19 pandemic.
Siccar Point Energy has announced it will defer approval of its highly-anticipated Cambo development until the second half of next year due to the coronavirus outbreak.
Workers have said they have been “hung out to dry” and “abandoned” by Bilfinger Salamis after their jobs were cut without the option to use the government’s coronavirus support scheme.
A series of North Sea operators are working to remove cabin sharing offshore “wherever possible” in order to prevent the spread of the coronavirus.
A family-run Aberdeen business is facing closure this week due to the effects of the coronavirus on air travel.
Oil slumped to a 17-year low as coronavirus lockdowns cascaded through the world’s largest economies, leaving the market overwhelmed by cratering demand and a ballooning surplus of crude.
i3 Energy plans to buy out a “struggling” Canadian oil and gas firm and list on the Toronto Stock Exchange (TSX).
Apache has confirmed it will call in letters of credit of £531million to guarantee it will pay off decommissioning obligations in the UK North Sea.
The pound’s wild fluctuations are causing more distress for businesses already struggling under an unprecedented lockdown of the U.K. economy.
An offshore worker has been put into quarantine on a North Sea platform operated by Chrysaor.
BP is reassessing the “chosen venue” for its 2020 Annual General Meeting as the planned site is being converted into a coronavirus field hospital.
Power has been restored to BP’s ETAP installation, weeks after a fire forced it to be downmanned.
A “seriously ill” offshore worker has contracted coronavirus and been airlifted to hospital from Hurricane Energy’s Lancaster field in the West of Shetland.
A union boss has stepped up calls for a support package for offshore workers amid concerns some may flout coronavirus advice in order to provide for their families.
A group representing families and survivors of Norway's worst industrial disaster has spoken of its “demand for a completely new inquiry” exactly 40 years later.
More than a million oilfield services (OFS) jobs globally "will likely be cut" as the industry grapples with the oil price war and the effects of the coronavirus, according to Rystad Energy.
Ithaca Energy has been warned by the UK's safety watchdog after exposing workers to “risk of serious personal injury or death from fire and explosion” on a North Sea vessel.
Offshore union RMT has claimed the government is “ignoring” oil and gas workers during the “national crisis” of the coronavirus outbreak, and written to the Chancellor for action.
A contractor who visited a major north-east gas plant has been confirmed as having coronavirus.
EnQuest is to delay publication of its full year financial results due to the coronavirus.
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
French oil major Total is planning to cut its investment programme by around 20% and freeze recruitment in response to the oil price crunch, according to a news report.
A call to action been made after new figures revealed a “shocking” lack of women applying to oil and gas and energy-related university courses in Aberdeen.